CADCHF - Keep It Simple🍰

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📉 From a long-term perspective, CADCHF has been overall bearish, trading within the falling channel in red.

📈 From a medium-term perspective, CADCHF is in a correction phase trading within the rising wedge pattern in blue.

🏹 The highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red and blue trendlines.

📚 As per my trading style:
As #CADCHF is around the blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Trade closed: target reached